RE:RE:RE:Junior Mining Companies Should Never Be Miners But, don't forget there is a balance. We do in fact need them, no doubt. But they also need metal in ground to mine. They can't make money without it. So "they" need us as much as we need them. The price where our needs balance is TBD but there are plenty of examples out there of a generally accepted ratio of NPV.
I believe Coffee, while permitted, lacked infrastructure to bring online and the timeline to get there was too long for Newmont. They miscalculated being able to sell to someone at that time with that timeline. Many of us did as well for a Casino. it's been a long haul for sure...but if they continue to put the road in...things get better. A grid connection agreement and progress, while not a requirement for an operational mine, also makes things better.
All IMHO anyway.